Construction
Real Estate News
More Than 75 New Condo Projects On Hold In GTHA Amid “Dislocated” Market
“We need a combination of lower rates, higher resale prices, and higher rents for the math to work again for investors,” Urbanation's Shaun Hildebrand tells STOREYS.
Jul 25, 2024
Construction
CMHC Introduces 'Frequent Builder Framework' To Fast-Track Loan Applications
The frequent builder framework will allow applications for CMHC's Affordable Housing Fund and Apartment Construction Loan Program to be expedited.
Construction
June Sees Another Slow Month For New Home Sales In GTA
Following record-breaking lows for GTA new home sales in May, data released by the Building Industry and Land Development (BILD) today shows sleepy conditions continued into June thanks to structural barriers and high costs to build.
Construction
Housing Starts Are Buckling Under Interest Rates — And Cuts Aren’t Going To Save Them Anytime Soon
We may have gotten some good news on the rate cut front with the latest inflation dip, but economists with CMHC have warned that a “partial rebound” in starts activity isn’t expected until 2025, or maybe even 2026.
Newly Listed Trinity Bellwoods Modern Serves Sleek Sophistication
In the heart of the Trinity Bellwoods neighbourhood, a stunning family home (meets architectural feat) is waiting to be fallen for.
Transportation
More Than Half Of GTHA Residents Considering Moving Due To Excessive Traffic
A new study from Ipsos reveals that the majority of residents have considered moving to farther flung regions in order to escape the city’s traffic and congestion issues — and all the stresses that it brings.
Construction
Canada Housing Starts Increase 10% In May, Hit Highest Level This Year
In a climate of dismal housing supply reports, there’s some positive news on Canada’s housing starts front.
Finance
A Rate Cut Is Welcome, But Don't Expect A Construction Surge Quite Yet
Experts at Desjardins Economics and CoStar say numerous other economic factors are at play for developers, which won't be solved by today's rate cut.
Construction
New BC Building Permit Hub To Standardize Processes Across Municipalities
The new Building Permit Hub has launched with a group of 12 local governments and 2 First Nations, who are piloting the first version of the program.
Construction
"Fragmented" Industry Keeping Canada From Reaching Its Construction Capacity: CMHC
Canada isn’t living up to its construction capacity, according to a new report from the Canadian Mortgage and Housing Corporation (CMHC).
Construction
March Sees Notable Drop In Building Permits Across Canada
Month over month, the total value of building permits in Canada decreased 11.7% in March.
Construction
Ontario To Provide Menstrual Products On Large Construction Sites
As part of a bill introduced today, the Ontario government announced that menstrual products would be required to be provided on the construction sites of 20 or more workers and where construction is anticipated to last at least three months.
Construction
‘A Lull In The Market’: High-Density Land Sales Plunge To A 10-Year Low In GTA
According to data from Colliers and Altus Group, there have been just 20 transactions as of the first quarter of 2024, putting annualized sales in the territory of 2009.
Construction
Q1 Sets Record Lows For New Home Sales In The GTA
New home sales in March were down 16% from March 2023 and 66% below the 10-year average, according to Altus Group, BILD’s official source for new home market intelligence.
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